Date:22 October 2015 ESMA/2015/1597
Standardformfornotificationof major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)
1.Identityoftheissuerortheunderlyingissuerofexistingsharestowhichvotingrightsareat- tachedii:
Novem Group S.A. |
2.Reasonforthenotification (please tick the appropriate box or boxes):
[X] An acquisition or disposal of voting rights
[ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii: |
| 3.Detailsofpersonsubjecttothenotificationobligationiv : |
| Name: Mondrian Investment Partners Limited |
City and country of registered office (if applicable): London, United Kingdom |
| 4.Fullnameofshareholder(s) (if different from 3.)v: n/a |
5.Dateonwhichthethresholdwascrossedorreachedvi:
16 June 2023 |
| 6.Totalpositionsofperson(s)subjecttothenotificationobligation: |
| |
% of voting rights at- tached to shares (to- tal of 7.A) |
% of voting rights through financial instru- ments
(total of 7.B.1 + 7.B.2) |
Total of both in % (7.A + 7.B) |
Total number of voting rights of is- suervii |
Resulting situation on the date on which threshold was
crossed or reached |
4.94% |
n/a |
4.94% |
43,030,303 |
Position of previous notification (if appli-
cable) |
5.60% |
n/a |
5.60% |
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| 7.Notifieddetailsoftheresultingsituationonthedateonwhichthethresholdwascrossedor reachedviii: |
| A:Votingrightsattachedtoshares |
Class/typeof shares
ISIN code (if possi- ble) | Numberofvotingrightsix | %ofvoting rights |
Direct
(Art 9 of Directive 2004/109/EC) | Indirect
(Art 10 of Directive 2004/109/EC) | Direct
(Art 9 of Directive 2004/109/EC) | Indirect
(Art 10 of Directive 2004/109/EC) |
| LU2356314745 |
n/a |
2,125,908 |
n/a |
4.94% |
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| SUBTOTALA |
2,125,908 |
4.94% |
| B1:FinancialInstrumentsaccordingtoArt.13(1)(a)ofDirective2004/109/EC |
Typeoffinancialin- strument |
Expiration datex |
Exercise/ ConversionPeriodxi | Numberofvotingrights that may be acquired if
theinstrumentisexer- cised/ converted. |
%ofvoting rights |
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| | SUBTOTAL B.1 |
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| B2:FinancialInstrumentswithsimilareconomiceffectaccordingtoArt.13(1)(b)ofDirective 2004/109/EC |
| Typeoffinancial instrument | Expiration datex | Exercise/
ConversionPe- riod xi | Physicalorcash settlementxii | Number of votingrights |
%ofvoting rights |
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| | SUBTOTAL B.2 |
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8.Informationinrelationtothepersonsubjecttothenotificationobligation (please tick the applica- ble box):
[]Personsubjecttothenotificationobligationisnotcontrolledbyanynaturalpersonorlegalen- tity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii
[X]Fullchainofcontrolledundertakingsthroughwhichthevotingrightsand/orthe
financialinstrumentsareeffectivelyheldstartingwiththeultimatecontrollingnaturalpersonorle- gal entityxiv: |
Namexv | %ofvotingrightsifit equals or is higher than the notifiable threshold | % of voting rights through financial in- strumentsifitequals
orishigherthanthe notifiable threshold | Total of both if it equalsorishigher than the notifiable threshold |
| AVGPLimited |
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| AtlanticValueInvest- ment Partnership LP |
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| MIPLHoldingsLimited |
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| MIPLGroupLimited |
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| MondrianInvestment Partners Limited |
4.94% |
|
4.94% |
9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of
[date]
10. Additional information (xvi):
The shares and voting rights referred to in Section 8 of this form are held in portfolios and funds
managed on a discretionary basis by Mondrian Investment Partners Limited. Client assets managed
by Mondrian are custodied at our client's custodians of choice (i.e., Mondrian does not act as
custodian for any of its clients).
Done at LONDON on 20 June 2023.
Notes
iPlease note that national forms may vary due to specific national legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings.
iiFull name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).
iiiOther reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.
ivThis should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC; or (c) the holder of financial instruments referred to in Article 13(1) of Directive 2004/109/EC.
As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positionsoftheparties,enteringorexitingofactinginconcertbyasingleparty)thestandardformdoesnotprovidefor a specific method how to notify cases of acting in concert.
In relation to the transactions referred to in points (b) to (h) of Article 10 of Directive 2004/109/EC, the following list is provided as indication of the persons who should be mentioned:
- in the circumstances foreseen in letter (b) of Article 10 of that Directive, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
- inthecircumstancesforeseeninletter(c)ofArticle10of thatDirective,thenaturalpersonorlegalentityholding thecollateral,providedthepersonorentitycontrolsthevotingrightsanddeclaresitsintentionofexercisingthem, and natural person or legal entity lodging the collateral under these conditions;
- in the circumstances foreseen in letter (d) of Article 10 of that Directive, the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;
- in the circumstances foreseen in letter (e) of Article 10 of that Directive, the controlling natural person or legal entityand,providedithasanotificationdutyatanindividuallevelunderArticle9,underletters(a)to(d)ofArticle 10 of that Directive or under a combination of any of those situations, the controlled undertaking;
- inthecircumstancesforeseeninletter(f)ofArticle10of thatDirective,thedeposittaker oftheshares,ifhecan exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in letter (g) of Article 10 of that Directive, the natural person or legal entity that controls the voting rights;
- in the circumstances foreseen in letter (h) of Article 10 of that Directive, the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).
vApplicable in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC. This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 10 of that Directive unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the dis- closureofvotingrightsholdingsinaccordancewithnationalpractices(e.g.identificationoffundsmanagedbymanage- ment companies).
viThedateonwhichthresholdiscrossedorreachedshouldbethedateonwhichtheacquisitionordisposaltookplace or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.
viiThe total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.
viiiIf the holding has fallen below the lowest applicable threshold in accordance with national law, please note that it might not be necessary in accordance with national law to disclose the extent of the holding, only that the new holding is below that threshold.
ixIncaseofcombinedholdingsofshareswithvotingrightsattached'directholding'andvotingrights'indirectholding', please split the voting rights number and percentage into the direct and indirect columns – if there is no combined holdings, please leave the relevant box blank.
xDateofmaturity/expirationofthefinancialinstrumenti.e.thedatewhenrighttoacquiresharesends.
xiIf the financial instrument has such a period – please specify this period – for example once every 3 months starting from [date].
xiiIncaseofcashsettledinstrumentsthenumberandpercentagesofvotingrightsistobepresentedonadelta-adjusted basis (Article 13(1a) of Directive 2004/109/EC).
xiiiIfthepersonsubjecttothenotificationobligationiseithercontrolledand/ordoescontrolanotherundertakingthenthe second option applies.
xivThe full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertakingdisclosesthenotificationasonlythusthemarketsgetalwaysthefullpictureofthegroupholdings.Incase ofmultiplechainsthroughwhichthevotingrightsand/orfinancialinstrumentsareeffectivelyheldthechainshavetobe presented chain by chain leaving a row free between different chains (e.g.: A, B, C,free row,A, B, D, free row, A, E, F etc.).
xvThenamesofcontrolledundertakingsthroughwhichthevotingrightsand/orfinancialinstrumentsareeffectivelyheld havetobepresentedirrespectivelywhether thecontrolledundertakingscrossorreachthelowestapplicablethreshold themselves.
xviExample:Correctionofapreviousnotification.
NOVEM GROUP S.A. 
